Dollarization does promote trade |
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Authors: | Shu Lin Haichun Ye |
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Institution: | Department of Economics, University of Colorado Denver, Campus Box 181, Denver, CO 80217, USA |
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Abstract: | This study re-evaluates the treatment effect of dollarization on trade while explicitly controlling for self-selection of policy adoption. Employing a variety of propensity score matching methods, we show that dollarization not only increases bilateral US trade with dollarized countries, but promotes a dollarizer’s bilateral trade with other dollar-zone countries as well. |
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Keywords: | E5 F1 F3 |
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